| Latest Forum Topics / Shen Yao Last:0.002 -- |
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Shen Yao (Miracle Medicine?): New Beginning!
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TraderBen
Supreme |
24-Mar-2023 16:26
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Change name change what also no use.. | ||||
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MBULLISH
Elite |
24-Mar-2023 16:25
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Rest in peace
LionGold We will miss you |
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tankoksee
Elite |
24-Mar-2023 14:59
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losers prayed n hoped for miracles... this is the ending! must learn to cut loss n move on... 
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Jajabing
Member |
24-Mar-2023 13:43
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Suspended | ||||
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Jajabing
Member |
13-Mar-2023 13:49
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Not to worry, there's still people queueing to buy 10k shares at 0.001😌
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happyharvest
Elite |
10-Mar-2023 11:52
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yeah. profit taken at the high is good
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jervis43
Member |
10-Mar-2023 10:44
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Shen Yao had been telling suppliers over the past week that it would do a gold pour this weekend, which would generate some cashflow to settle some of the overdue invoices. While some suppliers were willing to hold out hope for that to occur, others had withdrawn services until payment was received. Drilling contractor Deepcore confirmed to The Australian Financial Review on March 6 that it had removed some rigs from the Ballarat mine pending payment. The company had cash and cash equivalents of $S883,000 ($954,400) at September 30 but owed millions of dollars to lenders such as Sydney based Gemi Investments, which has charged interest rates of 15 per cent and has secured the debt over properties. Victorian safety regulators accused Balmaine of contravening the state&rsquo s workplace safety laws in 2021 because the company had not kept up-to-date safety plans for what is a challenging underground mine. Worksafe Victoria also found Balmaine had put in charge of the mine an employee who did &ldquo not hold formal qualifications in mine engineering&rdquo . Those revelations came after an estimated 600 tonnes of rock collapsed into one of the mine&rsquo s underground tunnels in March 2021. Shen Yao&rsquo s ability to continue as a going concern has been in doubt since November 2021 when its auditor EY refused to rubber stamp its accounts because it could not reconcile some accounting matters. Staff turnover at the Ballarat mine has been rapid since Shen Yao took control of the mine the company said last month that another big staff exodus had delayed finalisation of its December quarter accounts. |
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Jajabing
Member |
09-Mar-2023 16:51
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Any more doubts? | ||||
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Jajabing
Member |
09-Mar-2023 16:47
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Administrators have taken control of the Australian company that owns the struggling Ballarat gold mine, suggesting Singapore listed Shen Yao?s turbulent reign may be nearing an end.
Hall Chadwick was appointed administrators of Balmaine Gold, the Australian subsidiary owned by Shen Yao, on Thursday. The Ballarat mine employs about 200 people. The appointment comes after a five-month period in which the traditionally marginal mine struggled with lower than normal cashflow because the owners had failed to secure enough storage for mine wastes, known as tailings. On at least two occasions since September the Victorian government ordered Balmaine to cease depositing wastes in the tailings storage facility because the dam was too close to its regulated capacity. The stop order effectively prevented Balmaine from making saleable gold while it was able to continue digging ore from underground, it was unable to use the processing plant to extract the valuable gold from the tailings. The situation exacerbated a trend over the past two years that had seen Balmaine regularly make late payments to suppliers. |
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KenLee
Member |
09-Mar-2023 08:33
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opps, trading halt. prepare for the worst?
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happyharvest
Elite |
27-Feb-2023 19:46
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gg? | ||||
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Lightyear
Veteran |
10-Feb-2023 15:03
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Haiz.. letter of demand.. chsm | ||||
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Lightyear
Veteran |
30-Jan-2023 17:04
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Moving.. moving.. but down.. faint | ||||
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Lightyear
Veteran |
27-Jan-2023 10:03
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Should be in deep slumber ... Haiz | ||||
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Thi654321ABCDEF
Master |
26-Jan-2023 10:25
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Today , already cross 1945 , but no use , quite sad All SG gold counters are deep sleeping, sleeping, sleeping, no mood to wake up |
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Thi654321ABCDEF
Master |
16-Jan-2023 11:56
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1928 NOW!!!!!!but no wake up | ||||
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Thi654321ABCDEF
Master |
14-Jan-2023 13:22
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1920 | ||||
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Thi654321ABCDEF
Master |
13-Jan-2023 16:26
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Today , already cross 1900 , now 1905 but All SG gold counters are deep sleeping, sleeping, sleeping, no mood to wake up |
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Lightyear
Veteran |
06-Jan-2023 22:31
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Well some people are buying right ? Sell without buyer ?
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Jajabing
Member |
06-Jan-2023 16:55
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Haha, sell down babe, it's a sell down not buy up 😂 | ||||
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